# USDA's December Crop Reports Produced No Real Surprises; Here's Why - AgWeb

> USDA's December WASDE, released December 9, left U.S. corn and soybean production and carryout unchanged from November. Wheat was the focus, with exports cut 20 million bushels to 840 million and ending stocks raised 15 million to 598 million. USDA also raised Brazil's 2020/21 soybean crop by 1 MMT and left its 2021/22 South American estimates untouched.

- Date: 2021-12-10 · published 2021-12-10T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/43522-usda-s-december-crop-reports-produced-no-real-surprises-here-s-why-agweb
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

With corn and soybean balance sheets unchanged, the report offers no new supply signal for feed grains and meal. Lower US wheat exports and higher stocks add bearish pressure on wheat prices.

## Read by commodity

- SOY: neutral
- CORN: neutral
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2018-12-14 | [USDA reports provide few surprises](https://feedsoft.ai/events/7515-usda-reports-provide-few-surprises.md) | +1.6% | +0.3% |
| WHEAT | 2020-06-11 | [USDA Releases June Crop Production, WASDE Reports](https://feedsoft.ai/events/52459-usda-releases-june-crop-production-wasde-reports.md) | -1.4% | -5.1% |
| WHEAT | 2021-12-09 | [No Surprises in December WASDE \| Feed & Grain](https://feedsoft.ai/events/43525-no-surprises-in-december-wasde-feed-and-grain.md) | -6.6% | -3.3% |
| WHEAT | 2025-10-01 | [USDA Grain Stocks Report Surprises Corn and Wheat - RFD](https://feedsoft.ai/events/9845-usda-grain-stocks-report-surprises-corn-and-wheat-rfd.md) | +0.6% | +6.4% |
| WHEAT | 2016-12-04 | [Crop Prospects and Food Situation, No. 4 December 2016 - World \| ReliefWeb](https://feedsoft.ai/events/73405-crop-prospects-and-food-situation-no-4-december-2016-world-reliefweb.md) | +4.0% | +3.3% |
| CORN | 2020-06-11 | [USDA Releases June Crop Production, WASDE Reports](https://feedsoft.ai/events/52459-usda-releases-june-crop-production-wasde-reports.md) | +1.0% | +5.3% |
| CORN | 2018-02-08 | [CBOT weekly outlook: USDA report delivers no surprises - AgCanada](https://feedsoft.ai/events/66452-cbot-weekly-outlook-usda-report-delivers-no-surprises-agcanada.md) | +0.2% | +2.3% |
| CORN | 2020-06-11 | [No major surprises in USDA's WASDE report - Brownfield Ag News](https://feedsoft.ai/events/52555-no-major-surprises-in-usda-s-wasde-report-brownfield-ag-news.md) | +1.0% | +5.3% |

## Sources

- agweb.com: https://www.agweb.com/news/crops/corn/usdas-december-crop-reports-produced-no-real-surprises-heres-why

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.